Port Saint Lucie, Florida Bank Lends Money to Specialty Trade Contractors Company in Palm City, Florida

A Port Saint Lucie, Florida business loan can be yours. Learn how a business got a $130,000 business loan from this Florida bank.

This loan to a local firm is a good example of an SBA loan. First Peoples Bank made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
PALM CITY, FL 34990

SBA Loan Lender

FIRST PEOPLES BANK
1301 SE PORT ST LUCIE BLVD
PORT SAINT LUCIE, FL 34952

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

8/28/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Palm City FL, you ought to talk with a local Palm City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palm City businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $130,000 loan. Remember, fight for what you want, and it will be yours!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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